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mizou
2nd June 2008, 01:49
Hi All,

This morning I found these 2 articles on the "Market Oracle" website.

"Gold and Silver Heading for Imminent Deflationary Crash? " by Mick Pheonix
http://www.marketoracle.co.uk/Article4907.html

and

Gold Correction Confirmation
http://www.marketoracle.co.uk/Article4912.html

I am not good with graphs and trends etc... (still learning) and I would like to know if anyone would like to comment on this article.

Thank you

Mizou

prahudka
2nd June 2008, 06:46
Hi All,

This morning I found these 2 articles on the "Market Oracle" website.

"Gold and Silver Heading for Imminent Deflationary Crash? " by Mick Pheonix
http://www.marketoracle.co.uk/Article4907.html

and

Gold Correction Confirmation
http://www.marketoracle.co.uk/Article4912.html

I am not good with graphs and trends etc... (still learning) and I would like to know if anyone would like to comment on this article.

Thank you

Mizou

As Dirty Harry says, "Opinions are like certain anatomic features, they are ubiquitous."

Here's mine: Charts are meshugga.

Think about one chart. Look at the five year silver chart. I detect therein a trend, which is up.

SilverWhore
3rd June 2008, 22:58
As Dirty Harry says, "Opinions are like certain anatomic features, they are ubiquitous."

Here's mine: Charts are meshugga.

Think about one chart. Look at the five year silver chart. I detect therein a trend, which is up.

Yes, and in that five year chart you see many ups and downs including a handful of quite large spikes and falls, but the overall trend is upward. I always refer to that chart when I start pissin my pants about the price falling. Just remember that its completly normal and in the long term you'll be rollin in the dough, so take advantage of the dips, large and small, for buying up more poor mans gold =P

Trvlr45
4th June 2008, 00:58
The big day for silver and gold will come. It may take a while but it will happen. The markets connot be manipulated forever. Fiat currencies always fail.

If silver and gold do crash all anyone who is invested in either has to do is wait. They will go back up again. The silver market is so out of wack it doesn't make any difference if it dropped to $5 an ounce tommorrow. It won't stay there.

Just my .02 worth.

mizou
4th June 2008, 02:12
Thanks for the replies.. and the re-assurance of the 5 year chart.

It sure does paint a more realistic picture of silver and also prompted me to pick up some more 1 Oz Australian Kookaburras (A$24 a piece).

Cheers

fansubs_ca
4th June 2008, 23:51
The silver market is so out of wack it doesn't make any difference if it dropped to $5 an ounce tommorrow. It won't stay there.


Personally I wouldn't mind if it dropped to $4.99 CDN per ounce for a little while
I might get lucky enough to pick some Silver Maple Leaf coins out of circulation
and not have to bother ordering them. ;) Hey, with a $5 CDN face value _some_ people might spend a few into general circulation. :p

SilverHawk
5th June 2008, 00:12
The Dollar has had cancer for many years. It's now in the terminal phase where its' days are numbered. And I mean days! I can't see the currency lasting another year. It's just a matter of time they start printing the front of the bills, only, cause they need to ship them out too fast. And also start adding "0's" to them too.

Once again today, was it Leman that needed another 500-700M to stay afloat? More monopoly money for circulation. It's no wonder the FED quit reporting the M3 figure.

We're on borrowed time. If it wasn't for all the Puts on our Silver and Gold, the price would be so high millions of more people would be buying.

Just a matter of time... Trust me! :)